1862 $100 Confederate Note, T-39 Richmond, Virginia Grades vf+. High-denomination $100 Confederate Notes are in great demand among collectors and history buffs alike. Carefully preserved for over 155 years since the Civil War. This was the first interest bearing $100 note to be issued in large quantities by the Confederacy. They paid a 7.3% annual interest rate; double that of the First Series notes of Montgomery and Richmond. Some were issued by agents by hand, and their signatures—and sometimes the place of issue—are written on the backs. Some T-39s also have interest paid stamps on the backs indicating that the interest was collected by the bearer. The notes have a popular “Train” vignette on the front, with easily visible “straight steam” (all white) coming out of the smokestack. To the left is a vignette of a milkmaid. Once thought to be an apple, the object in her left hand above her head is most likely the handle of the bucket on her head. These notes were payable six months after the ratification of a Treaty of Peace between the Confederate States and United States and were not fundable.